Tatton Asset Management (LON:TAM) Given “Buy” Rating at Berenberg Bank

Tatton Asset Management (LON:TAM)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a research report issued on Thursday, Digital Look reports. They presently have a GBX 820 target price on the stock. Berenberg Bank’s price target suggests a potential upside of 22.39% from the stock’s previous close.

Tatton Asset Management Stock Performance

TAM stock opened at GBX 670 on Thursday. The business has a fifty day moving average of GBX 674.15 and a 200-day moving average of GBX 662.82. The company has a market cap of £406.95 million, a P/E ratio of 22.17, a PEG ratio of 1.91 and a beta of 0.71. Tatton Asset Management has a twelve month low of GBX 524.40 and a twelve month high of GBX 817.83. The company has a quick ratio of 3.50, a current ratio of 3.36 and a debt-to-equity ratio of 1.15.

Insider Activity

In other news, insider Lothar Mentel sold 751 shares of Tatton Asset Management stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of GBX 698, for a total transaction of £5,241.98. Also, insider Paul Edwards sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of GBX 665, for a total transaction of £133,000. 18.93% of the stock is currently owned by company insiders.

Tatton Asset Management Company Profile

Tatton Asset Management plc was founded by entrepreneur and current Chief Executive Officer, Paul Hogarth who had previously co-founded and developed the then largest IFA support services business in the UK, Bankhall. Paul’s vision in starting Tatton Asset Management was to create a range of services to power the UK’s leading financial advisers, facilitating expansion and enabling them to better service their clients. Tatton Asset Management offers on-platform only discretionary fund management, regulatory, compliance and business consulting services, as well as a whole of market mortgage provision, to Directly Authorised financial advisers across the UK.